https://www.taxtmi.com/caselaws?id=254679 The court granted interim relief in favor of the petitioner in a case challenging notices under Section 148 of the Income Tax Act for Assessment Years 2007-08 and 2008-09. The court found that the notices were issued beyond the permissible four-year period and lacked justification due to a failure to disclose all material facts necessary for assessment. Additionally, discrepancies in the treatment of assets and inadequate reasoning in addressing objections by the Assessing Officer were highlighted, leading to a breach of statutory provisions and a lack of compliance with legal requirements for reassessment. en-us Wed, 17 Dec 2014 00:00:00 +0530 Sun, 28 Dec 2014 19:02:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254679 The court granted interim relief in favor of the petitioner in a case challenging notices under Section 148 of the Income Tax Act for Assessment Years 2007-08 and 2008-09. The court found that the notices were issued beyond the permissible four-year period and lacked justification due to a failure to disclose all material facts necessary for assessment. Additionally, discrepancies in the treatment of assets and inadequate reasoning in addressing objections by the Assessing Officer were highlighted, leading to a breach of statutory provisions and a lack of compliance with legal requirements for reassessment. Case-Laws Income Tax Wed, 17 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254679